Engineers Gate Manager LP Has $4.16 Million Stock Holdings in Stepan (NYSE:SCL)

Engineers Gate Manager LP increased its holdings in shares of Stepan (NYSE:SCLGet Rating) by 930.7% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 42,083 shares of the basic materials company’s stock after buying an additional 38,000 shares during the period. Engineers Gate Manager LP owned about 0.19% of Stepan worth $4,158,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in SCL. Point72 Hong Kong Ltd purchased a new position in Stepan during the 4th quarter worth $25,000. Quadrant Capital Group LLC boosted its stake in Stepan by 187.4% in the first quarter. Quadrant Capital Group LLC now owns 296 shares of the basic materials company’s stock worth $29,000 after buying an additional 193 shares in the last quarter. Creative Financial Designs Inc. ADV boosted its stake in Stepan by 13.5% in the first quarter. Creative Financial Designs Inc. ADV now owns 1,527 shares of the basic materials company’s stock worth $151,000 after buying an additional 182 shares in the last quarter. Ilmarinen Mutual Pension Insurance Co purchased a new stake in Stepan in the first quarter worth approximately $200,000. Finally, Raymond James Financial Services Advisors Inc. purchased a new stake in Stepan in the fourth quarter worth approximately $212,000. 77.46% of the stock is currently owned by institutional investors and hedge funds.

Stepan Stock Up 1.1 %

SCL stock opened at $101.65 on Friday. The business’s 50-day moving average price is $106.16 and its 200-day moving average price is $103.80. The stock has a market cap of $2.27 billion, a P/E ratio of 15.61 and a beta of 0.76. Stepan has a twelve month low of $95.03 and a twelve month high of $129.35. The company has a quick ratio of 1.17, a current ratio of 1.70 and a debt-to-equity ratio of 0.34.

Stepan (NYSE:SCLGet Rating) last released its earnings results on Wednesday, July 27th. The basic materials company reported $2.30 earnings per share for the quarter, beating the consensus estimate of $1.90 by $0.40. Stepan had a return on equity of 13.95% and a net margin of 5.71%. The firm had revenue of $751.60 million for the quarter, compared to the consensus estimate of $692.40 million. During the same quarter in the previous year, the company posted $1.81 EPS. The company’s revenue for the quarter was up 26.2% compared to the same quarter last year. On average, equities research analysts forecast that Stepan will post 6.86 EPS for the current year.

Stepan Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 15th. Investors of record on Wednesday, August 31st will be given a dividend of $0.335 per share. This represents a $1.34 annualized dividend and a yield of 1.32%. The ex-dividend date of this dividend is Tuesday, August 30th. Stepan’s dividend payout ratio is currently 20.58%.

Analyst Ratings Changes

SCL has been the subject of a number of research analyst reports. TheStreet raised Stepan from a “c+” rating to a “b” rating in a research note on Monday, June 6th. Stifel Nicolaus dropped their price target on Stepan from $147.00 to $133.00 in a research note on Friday, July 29th. Finally, StockNews.com downgraded Stepan from a “buy” rating to a “hold” rating in a report on Friday, May 20th.

Insider Activity at Stepan

In related news, COO Scott R. Behrens sold 550 shares of the company’s stock in a transaction dated Wednesday, August 10th. The stock was sold at an average price of $109.24, for a total transaction of $60,082.00. Following the transaction, the chief operating officer now directly owns 13,100 shares of the company’s stock, valued at approximately $1,431,044. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other news, CFO Luis Rojo sold 400 shares of the stock in a transaction dated Friday, July 29th. The stock was sold at an average price of $115.17, for a total value of $46,068.00. Following the transaction, the chief financial officer now directly owns 3,272 shares of the company’s stock, valued at $376,836.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Scott R. Behrens sold 550 shares of the stock in a transaction dated Wednesday, August 10th. The shares were sold at an average price of $109.24, for a total value of $60,082.00. Following the completion of the transaction, the chief operating officer now directly owns 13,100 shares in the company, valued at $1,431,044. The disclosure for this sale can be found here. Insiders have sold 2,199 shares of company stock valued at $247,287 in the last ninety days. Corporate insiders own 6.60% of the company’s stock.

About Stepan

(Get Rating)

Stepan Company, together with its subsidiaries, produces and sells specialty and intermediate chemicals to other manufacturers for use in various end products. It operates through three segments: Surfactants, Polymers, and Specialty Products. The Surfactants segment offers surfactants that are used as principal ingredients in consumer and industrial cleaning products, including detergents for washing clothes, dishes, carpets, and floors and walls, as well as shampoos and body washes; and other applications, such as fabric softeners, germicidal quaternary compounds, disinfectants, and lubricating ingredients.

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Institutional Ownership by Quarter for Stepan (NYSE:SCL)

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